Nomura names Prabhat Awasthi as new India Head

MUMBAI: Global investment bank Nomura has appointed Prabhat Awasthi as its new India head. In a release, the firm said that Awasthi, who is currently Head of Equities, India, will replace Vikas Sharma as the country head from April 1.

Vikas Sharma has been elevated to Head of Asia Ex­-Japan from April 1.

Awasthi, who is based in Mumbai, will be responsible for running Nomura India's franchise spanning fixed income, equities and investment banking, the firm said in the release.

"Vikas Sharma, current Head of India, has been elevated to Head of Asia ex­Japan, also from April 1, following his exceptional work leading and building Nomura's India business over the past 10 years. Awasthi will report to Sharma," the firm said.

Awasthi joined Nomura in October 2008 as Head of Equity Research, India from Lehman Brothers, where he had held the same position.